President Goodluck Jonathn of Nigeria is set to stop cement importation in the country by the first quarter of 2012 as Lafarge begins production of 2.5 million metric tons of cement per annum at its newly launched Ewekoro plant in Ogun State.
Speaking at the commissioning ceremony for the Lafarge Ewekoro plant, President Jonathan said the Nigerian Government is working closely with cement manufacturers to achieve self sufficiency in the country by 2012.
“With the assurance given at the recent meeting with cement manufacturers, before the end of the year, the country will become self sufficient in local production as more manufacturers in the country are expected to begin production in their various expansion projects,” he said.
He continued, “According to experts, our oil sector is gradually depleting and in 35 years, things would definitely not remain the same in the sector. This is worrisome and calls for the need to open up the private sector in order to make it more competitive and encourage more foreign direct investment to boost our Gross Domestic Output.”
The President expressed confidence that Lafarge will not just produce at 100% capacity but will further expand its capacity to grow the economy.
What do you think of President’s Jonathan’s move to cement importation in Nigeria by 2012?